Economy
Show Peter Peterson We Reject His Elite Austerity Consensus (HuffPost Politics)
May 13, 2012
By Roger Hickey On Tuesday, May 15, one of America’s wealthiest men, Peter G. Peterson, will use his foundation’s money to lecture the rest of us about why the Federal Deficit is the most serious problem facing our country. Since poll after poll demonstrates that strong majorities of Americans care far more about high unemployment [...]
Is America in fiscal austerity yet? (NBC Politics)
May 11, 2012
By Tom Curry The short-term importance of the budget bill which the House approved this week is that Democrats now have another vote which they can use against Republicans running in tough races this fall. Sixteen House Republicans voted against the measure — called the Sequester Replacement Reconciliation Act — which would replace some of [...]
Bernie Sanders to Banks: It’s Time to Break Up (Bloomberg News)
By Sophia Yan Washington’s anti-Wall Street crowd just got really, really lucky. JPMorgan Chase & Co.’s announcement yesterday of a $2 billion trading loss from a steep bet it made is giving congressmen like Senator Bernie Sanders a renewed boost in their crusade against big banks. Sanders is taking JPMorgan’s slipup to “reaffirm” his view to Americans that the [...]
Here we go again (MSNBC)
Watch Bernie talk about fighting Wall Street greed on MSNBC’s Ed Show.
“I think the lesson to be learned here is that these guys have learned nothing since their greed & recklessness & illegal behavior drove this country into the worst recession since the 1930s, causing so many people to lose their jobs & their homes & their savings. These guys have learned nothing.”
Audio: Welch, Sanders Rally Around Student Loan Issue (VPR News)
May 9, 2012
Current and former college students in the U.S. now owe more than $1 trillion in student loan debt. And interest rates on federally-subsidized Stafford Loans are set to double on July 1st, from 3.4 to 6.8 percent, unless Congress takes action. Vermont’s congressional delegation is speaking out against the planned rate increase. On Tuesday, Senate [...]
Sen Sanders LTE: Getting the Right U.S. Postal Service for the 21st Century (Wall Street Journal)
By Sen. Bernie Sanders In response to your editorial (“The Senate’s Pony Express,” May 2) on the U.S. Postal Service: In the midst of the worst economic downturn since the 1930s and the collapse of the American middle class, we must do everything we can to prevent the elimination of 220,000 decent-paying jobs at the [...]
Rural post offices are granted a reprieve (USA Today)
By Natalie DiBlasio The Postal Service has dropped plans to close thousands of the nation’s rural post offices. Under pressure from Congress and local communities, the cash-strapped agency has instead decided to trim operations at 13,000 post offices to between two and six hours per day, Postmaster General Patrick Donahoe says. “We have listened to [...]
Bernie Sanders Brings the Anti-Austerity Fight to America (The Nation)
May 7, 2012
By John Nichols Bernie Sanders is as focused as any member of Congress could be on the struggles of the state he represents, and more generally on the challenges facing working people across the United States. But that does not mean that the independent senator from Vermont fails to recognize when things are kicking up [...]
May 8, 2012 No Thanks Close The Daily Caller Social Experience Let your friends help you discover the best news, features and videos on TheDC. Publish what you read and maintain full control. Login with Facebook Subcommittee to consider bills to end or amend the Fed (The Daily Caller)
By Michael Bastasch A House subcommittee is scheduled to hold a hearing on proposals to reform or end the Federal Reserve System, Texas Republican Rep. Ron Paul announced last Friday. The Domestic Monetary Policy and Technology Subcommittee will hear testimony from economists and lawmakers Tuesday morning on Capitol Hill. “More and more people are beginning [...]
House lawmakers push for vote on Senate Postal Service reform bill (The Hill)
May 6, 2012
By Bernie Becker Lawmakers hoping to force a House vote on a Senate-passed postal reform bill believe some of their colleagues could be swayed by their message of saving jobs and rural access to postal services. Rep. Peter Welch (D-Vt.), who is circulating a letter of support for the Senate bill with Rep. Michael Grimm [...]
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